15,879 Shares in The Ensign Group, Inc. (NASDAQ:ENSG) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,879 shares of the company’s stock, valued at approximately $1,964,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake in shares of The Ensign Group by 1.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,945 shares of the company’s stock worth $1,228,000 after acquiring an additional 110 shares in the last quarter. Norges Bank purchased a new position in The Ensign Group in the 4th quarter worth about $65,050,000. UBS Group AG raised its holdings in The Ensign Group by 102.9% during the 4th quarter. UBS Group AG now owns 64,828 shares of the company’s stock worth $7,274,000 after buying an additional 32,884 shares during the period. Wells Fargo & Company MN lifted its stake in The Ensign Group by 8.4% during the fourth quarter. Wells Fargo & Company MN now owns 60,393 shares of the company’s stock valued at $6,777,000 after buying an additional 4,675 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in The Ensign Group by 122.0% during the fourth quarter. Corient Private Wealth LLC now owns 26,043 shares of the company’s stock valued at $2,922,000 after buying an additional 14,314 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Activity

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares of the company’s stock, valued at $8,057,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the sale, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,057,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Spencer Burton sold 7,519 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the completion of the transaction, the chief operating officer now owns 42,629 shares in the company, valued at $5,756,620.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,736 shares of company stock worth $3,491,039. 3.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ENSG shares. Oppenheimer boosted their price target on shares of The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Truist Financial boosted their target price on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, Macquarie began coverage on The Ensign Group in a research report on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.50.

The Ensign Group Trading Up 0.6 %

Shares of NASDAQ:ENSG opened at $151.73 on Tuesday. The firm has a fifty day moving average of $144.85 and a two-hundred day moving average of $129.48. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group, Inc. has a 12-month low of $90.00 and a 12-month high of $154.93. The firm has a market capitalization of $8.64 billion, a P/E ratio of 39.93, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.02. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts expect that The Ensign Group, Inc. will post 4.99 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.16%. The ex-dividend date is Monday, September 30th. The Ensign Group’s payout ratio is presently 6.32%.

The Ensign Group Company Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.